Bank Indonesia (BI) Held Interest Rate at 5.75% to Guard Inflation and Rupiah

Bank Indonesia (BI) Held Interest Rate at 5.75% to Guard Inflation and Rupiah

BI kept its benchmark rate unchanged at 5.75% in Apr-25, in line with expectations. The central bank cited inflation stability within its 2.5% ±1% target and the need to support the Rupiah amid global uncertainty. Mar-25 inflation rose to 1.03% YoY, while the Rupiah appreciated to IDR 16,560/USD by 27 Mar-25. The deposit and lending facility rates were also maintained at 5.00% and 6.50%, respectively. (Trading Economics)

COMPANY 
BCAS: BBCA IJ - 1Q25 Earnings In Line

- BBCA posted 1Q25 results with net profit at IDR 14.1 tn (+2.9% QoQ; +9.8% YoY), in line with consensus estimate at 24.3%. 
- Interest income reached IDR 24.4 tn in 1Q25 (-0.9% QoQ; +5.9% YoY). Interest expense came at IDR 3.2 tn (+2.2 QoQ; +1.5% YoY), bringing 1Q25 net interest income slipped slightly to IDR 21.1 tn (-1.4% QoQ; +6.6% YoY). 
- Non-interest income improved to IDR 6.8 tn (+11.3% QoQ; +6.2% YoY), pushing total operating income to IDR 27.9 tn (+1.4% QoQ; +6.5% YoY)
- Operating profit stood at IDR 17.4 tn (-0.3% QoQ; +9.8% YoY) after provisioning of IDR 1.0 tn, while PPOP climbed to IDR 18.5 tn (+7.6% QoQ; +9.2% YoY). 
- NIM remained stable at 5.6% (vs 1Q24: 34.3%; 4Q24: 36.5%). Gross loans grew to IDR 886.6 tn (+7.3% YoY), NPL increased to 2.0% (vs 1Q24; 1.95%), LDR was at 76.1% (vs 1Q24; 71.2%)